Intel to buy driverless technology firm Mobileye for $15.3 billion

March 13, 2017 By Tova Cohen and Ari Rabinovitch JERUSALEM (Reuters) – U.S. chip giant Intel has agreed to buy Israeli driverless technology firm Mobileye for $15.3 billion, the largest ever acquisition of an Israeli high-tech company. The $63.54 per share cash deal is the world’s biggest purchase of a company solely focused on the autonomous driving sector. Mobileye accounts for 70 percent of the global market for advanced driver-assistance and anti-collision systems. Intel said it expected the transaction to close within the next nine months and to immediately boost…

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